Press coverage about Dana (NYSE:DAN) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Dana earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the auto parts company an impact score of 47.2526962564616 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Dana White on NYSAC’s handling of UFC 223: ‘They’ve been great to us’ (mmamania.com)
- ‘Wow, the court was really angry’: Kansas Supreme Court’s Dana Chandler opinion highlights prosecutor’s errors (cjonline.com)
- Dana White says Brock Lesnar could fight for title in UFC return, and Daniel Cormier is ecstatic (mmajunkie.com)
- Dana White: Al Iaquinta will be ‘champ’ if he beats Khabib Nurmagomedov at UFC 223 (mmamania.com)
- With planned $200 million renovation, Dana Point Harbor group questions whether sheriff’s Harbor Patrol should … (ocregister.com)
Several analysts recently weighed in on the company. Guggenheim restated a “buy” rating and set a $40.00 price objective on shares of Dana in a research report on Wednesday, January 10th. Barclays restated a “hold” rating and set a $32.00 price objective on shares of Dana in a research report on Tuesday, January 9th. Zacks Investment Research upgraded Dana from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Tuesday, February 6th. JPMorgan Chase dropped their price objective on Dana from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Finally, Gabelli restated a “buy” rating on shares of Dana in a research report on Wednesday, February 14th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $30.55.
Dana (NYSE:DAN) last posted its earnings results on Tuesday, February 13th. The auto parts company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.53 by $0.09. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. Dana had a return on equity of 30.70% and a net margin of 1.54%. The business’s quarterly revenue was up 27.0% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. research analysts anticipate that Dana will post 2.89 EPS for the current year.
Dana declared that its board has approved a stock repurchase plan on Wednesday, January 17th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the auto parts company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This is an increase from Dana’s previous quarterly dividend of $0.06. This represents a $0.40 annualized dividend and a yield of 1.53%. Dana’s dividend payout ratio (DPR) is currently 15.87%.
In other news, insider Aziz Aghili sold 12,624 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $33.12, for a total transaction of $418,106.88. Following the completion of the transaction, the insider now directly owns 18,024 shares in the company, valued at $596,954.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark E. Wallace sold 40,339 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $33.42, for a total value of $1,348,129.38. Following the transaction, the executive vice president now owns 108,139 shares of the company’s stock, valued at $3,614,005.38. The disclosure for this sale can be found here. Insiders sold 86,207 shares of company stock valued at $2,870,602 over the last quarter. Corporate insiders own 1.60% of the company’s stock.
Dana Company Profile
Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.
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